Claw Back Escrow definition
Claw Back Escrow ten percent (10%) of the Aggregate Share Consideration.
Examples of Claw Back Escrow in a sentence
The Claw Back Escrow shall be released to the Seller Stockholders, in accordance with the allocation set forth in Exhibit 2.6(d), if the Earnout Base Revenues during the Earnout Period equal or exceed $10,000,000 (the “Claw Back Release Threshold”).
If the Earnout Base Revenues during the Earnout Period do not equal or exceed the Claw Back Release Threshold, then the Claw Back Escrow shall be forever cancelled in its entirety on the stock Records of Buyer and the Seller Stockholders shall have no claim whatsoever thereto.